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Shares in European payments companies rise on Worldpay takeover

Mon, 03/18/2019 - 11:54
Shares in European payments technology companies such as Worldline, Ingenico and Wirecard all rose on Monday, buoyed by Fidelity National Information Services's $35 billion takeover of Worldpay.
Categories: Financial Media

Germany's Bsirske 'more than skeptical' on Deutsche/Commerzbank merger

Mon, 03/18/2019 - 11:49
Frank Bsirske, chief of the Verdi labor union and a supervisory board member at Deutsche Bank, is "more than skeptical" about the prospect of a merger of that bank with Commerzbank, he said on Monday.
Categories: Financial Media

Deutsche, Commerzbank talks private commercial decision: SPD leader

Mon, 03/18/2019 - 11:47
Merger talks between Deutsche Bank and its smaller rival Commerzbank are a private commercial decision, the leader of the German center-right SPD party, Andrea Nahles, said on Monday.
Categories: Financial Media

Stock futures tick higher after best week of the year; Boeing weighs on Dow

Mon, 03/18/2019 - 11:40
U.S. stock futures eked out gains on Monday following the S&P and Nasdaq's strongest weekly gain this year, while investors waited for further details from a Federal Reserve policy meeting later this week.
Categories: Financial Media

Marriott to open 1,700 hotels, return $11 billion to shareholders by 2021

Mon, 03/18/2019 - 11:35
Hotel chain Marriott International Inc on Monday mapped out a three-year plan to open more than 1,700 hotels around the world, return up to $11 billion to shareholders and make a full-year profit of as much as $8.50 per share by 2021.
Categories: Financial Media

Swiss Re says helped insure Boeing, Ethiopian Airlines

Mon, 03/18/2019 - 11:16
Reinsurance group Swiss Re helped cover jetmaker Boeing Co and Ethiopian Airlines, the Swiss company said on Monday amid an investigation into what caused an Ethiopian Airlines plane crash that killed 157 people.
Categories: Financial Media

U.S. heavy equipment makers feeling pain from tariffs, disputes: report

Mon, 03/18/2019 - 11:12
U.S. makers of bulldozers and other heavy equipment are raising prices, losing sales and in some cases beginning to trim workers in response to the Trump administration's protracted trade disputes with various countries, according to a new report.
Categories: Financial Media

NBCUniversal, Sky team up to expand global advertising product

Mon, 03/18/2019 - 11:08
Comcast Corp is pooling the advertising power of its NBCUniversal and British-based Sky units to better target viewers worldwide, it said on Monday, a major step by the top U.S. cable TV provider to transform itself into a global media leader.
Categories: Financial Media

China's top diplomat rejects West's 'immoral' Huawei concerns

Mon, 03/18/2019 - 09:38
China opposes politically motivated attempts to discredit its telecoms equipment makers on security grounds, the Chinese government's top diplomat, State Councillor Wang Yi, said on Monday.
Categories: Financial Media

Stocks climb, dollar dips as traders price accommodative Fed

Mon, 03/18/2019 - 09:29
Global stocks rose to their highest in five months and the dollar dipped on Monday as traders began to price in an accommodative stance from the U.S. Federal Reserve at its policy meeting this week.
Categories: Financial Media

Wastewater - private equity’s new black gold in U.S. shale

Mon, 03/18/2019 - 09:14
Mike Christensen strides among rows of gleaming steel tanks, pointing to pipelines that arrive from miles around to this corner of former farmland near Midland, Texas, the heart of the largest oil patch in the United States.
Categories: Financial Media

Factbox: What we know about Boeing 737 MAX crash and what comes next

Mon, 03/18/2019 - 08:43
More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets around the world have been taken out of service following two fatal crashes over the past five months in Ethiopia and Indonesia that killed almost 350 people in all.
Categories: Financial Media

Deutsche, Commerzbank merger would put 30,000 jobs at risk: union

Mon, 03/18/2019 - 08:39
A merger of Deutsche Bank and its rival Commerzbank could result in as many as 30,000 job cuts over the long term, a representative of German union Verdi who is a Deutsche supervisory board member told n-tv broadcaster.
Categories: Financial Media

Nissan governance panel sees no need to overhaul alliance agreement -source

Mon, 03/18/2019 - 08:08
The external committee tasked with improving governance at Nissan Motor Co believes the firm can deepen ties with Renault SA without overhauling the broader alliance agreed nearly two decades ago, a person familiar with the matter said.
Categories: Financial Media

Oil pulled two ways by economic slowdown, OPEC-led supply cuts

Mon, 03/18/2019 - 07:49
Oil prices were mixed on Monday, weighed by concerns that an economic downturn may dent fuel consumption, but supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela.
Categories: Financial Media

Shares in Deutsche Bank, Commerzbank up after merger talks confirmed

Mon, 03/18/2019 - 07:06
Shares in Deutsche Bank and its smaller German peer Commerzbank were indicated to open higher on Monday after the two lenders on Sunday confirmed merger talks.
Categories: Financial Media

Walmart Japan's new CEO: Seiyu 'absolutely' not for sale

Mon, 03/18/2019 - 06:50
The newly appointed chief executive of Walmart Inc's Japanese supermarket chain Seiyu on Monday denied the business was up for sale, following reports last year that the U.S. retail giant was looking for a buyer.
Categories: Financial Media

Cathay Pacific says budget airline would serve 'unique market segment'

Mon, 03/18/2019 - 06:24
Hong Kong's Cathay Pacific Airways Ltd, in talks to buy low-cost carrier Hong Kong Express Airways, believes budget airlines have a "unique market segment" it does not capture at present, Chief Executive Rupert Hogg said on Monday.
Categories: Financial Media

New CEO of Walmart Japan and Seiyu says 'not here to sell a business'

Mon, 03/18/2019 - 05:07
The newly appointed chief executive of Walmart Japan and Japanese supermarket chain Seiyu said on Monday he had no plan to sell the Japanese supermarket, following reports last year that Walmart was looking for a buyer.
Categories: Financial Media

Asia shares, bonds count on Fed to be accommodative

Mon, 03/18/2019 - 04:59
Asian shares pulled ahead on Monday while bonds were in demand globally on mounting speculation the U.S. Federal Reserve will sound decidedly dovish at its policy meeting this week.
Categories: Financial Media